In summary, there are 3 ways to enter the remittance market in the US, 1) obtaining your own licenses, 2) through an agreement with a company that has the licenses to operate (this is the way we currently work), and 3) operating a digital platform where the whole process is done by the MSB, and we never touch the funds. Is this correct?
Almost correct. The option we are presenting is digital. You can even (technically speaking) run a white-label operation that is non-digital, but we don’t offer that. But yes, Option # 3 allows you to run a digital platform where the custody of funds are handled by the MSB/PLH directly.